Forward Management LLC reduced its stake in Gentherm Inc. (NASDAQ:THRM) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,314 shares of the company’s stock after selling 705 shares during the period. Forward Management LLC’s holdings in Gentherm were worth $418,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in THRM. BlackRock Inc. increased its stake in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock valued at $103,000 after buying an additional 1,140 shares during the last quarter. Springbok Capital Management LLC increased its stake in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock valued at $108,000 after buying an additional 100 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Gentherm by 23.4% in the third quarter. Victory Capital Management Inc. now owns 3,358 shares of the company’s stock valued at $106,000 after buying an additional 637 shares during the last quarter. PineBridge Investments L.P. increased its stake in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock valued at $158,000 after buying an additional 183 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Gentherm during the first quarter valued at $213,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Gentherm Inc. (NASDAQ:THRM) traded up 0.79% during trading on Friday, hitting $31.70. The company had a trading volume of 57,689 shares. The stock has a market cap of $1.16 billion, a PE ratio of 14.68 and a beta of 1.92. Gentherm Inc. has a 12-month low of $26.60 and a 12-month high of $51.55. The firm has a 50 day moving average of $29.52 and a 200 day moving average of $32.98.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. The business had revenue of $232.60 million for the quarter, compared to analyst estimates of $242.41 million. Gentherm had a return on equity of 17.29% and a net margin of 8.84%. Gentherm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 EPS. On average, analysts forecast that Gentherm Inc. will post $2.26 earnings per share for the current fiscal year.
Several analysts have weighed in on THRM shares. FBR & Co reaffirmed a “buy” rating and set a $42.00 target price on shares of Gentherm in a research note on Friday, October 28th. KeyCorp reissued an “equal weight” rating on shares of Gentherm in a research note on Friday, September 9th. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, October 27th. Roth Capital set a $31.00 price objective on Gentherm and gave the stock a “hold” rating in a research note on Monday, October 24th. Finally, TheStreet downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.60.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.